Another pyramid scheme operator extradited

TIRANA, April 7 – Ahmet Baci, 45, was extradited from Italy to serve his 13 years imprisonment in his homeland.
In 2001 he was sentenced by the Shkodra district court for theft through deceit.
Baci has been running a company that organized a fake pyramid investment scheme collecting people’s savings promising great amounts of return. He held that activity for three years until 1997 when the country was on the brink of anarchy following the bankruptcy of at least two dozen of such companies.
Baci, who was arrested last year in Italy and then waited for the extradition procedures, owed some 2.4 million USD to 160 creditors.
People looted army depots and there was no governing until a political agreement among the political parties came into being, despite the fact that thousands of international NATO forces came to the country to protect the main ports and the airport and other important objects.